Weekly Crypto Roundup: Ripple CEO Selling Erodes Trust While Unilabs (UNIL) Leads July Demand
The post Weekly Crypto Roundup: Ripple CEO Selling Erodes Trust While Unilabs (UNIL) Leads July Demand appeared on BitcoinEthereumNews.com.
The crypto market just faced a wild week, with the XRP price sliding hard. Ripple CEO Chris Larsen triggered fear after cashing out millions in XRP. But while XRP stumbled, Unilabs Finance surged with rising demand and record presale traction. Unilabs Finance, known for its AI-powered DeFi strategies, is now leading the conversation on smart crypto investing. The contrast between retail panic in Ripple and growing trust in Unilabs reflects a deeper shift. Ripple CEO Sparks Doubt with Massive XRP Sell-Off XRP price fell nearly 10% after Ripple CEO Chris Larsen sold a large chunk. He moved $175 million worth of XRP right after the token reached a new high. The XRP price fell from $3.65 to around $3.1 within days. Source: TradingView Many viewed this as market manipulation, not just profit-taking. On-chain data from CryptoQuant confirmed Larsen moved funds to centralized exchanges. XRP price keeps struggling as community trust erodes. Investors have long worried about Ripple’s founder allocations. This latest move revived those concerns in full force. Larsen’s wallet still holds 2.8 billion XRP, valued over $8.4 billion. That kind of control adds pressure and limits future XRP price recovery. Traders also spotted a pattern: similar outflows marked XRP price peaks in earlier bull runs. Many holders feel betrayed, especially since Larsen and Ripple stayed silent. This silence only added fuel to the backlash. Retail confidence sank fast. While XRP dropped, another project quietly took the spotlight. Unilabs Shines as the Smarter Alternative in a Volatile Week As the XRP price fell, Unilabs (UNIL) took the stage as this week’s top gainer. Unilabs is the first DeFi asset manager powered by artificial intelligence. Its platform scans thousands of tokens using real-time AI analysis. Investors use it to build smart portfolios without emotional decisions. With over $30 million in assets managed,…
